Senior Portfolio Analyst, Sponsor Finance

About Us

Live Oak Bank is a digital bank for small business owners across the country. Our goal is to be America’s Small Business Bank, and we’re getting there by pairing exceptional service with smart technology. We support owners at every stage with products:

• loans to buy, build, and expand
• checking and merchant services to keep daily operations moving
• high-yield savings and CDs to grow the money they’ve worked hard to earn

Our people are the heart of Live Oak. We take care of each other here, and that care carries over to how we serve our customers. If you want to help small business owners chase the American dream, we’d love to meet you.

How This Role impacts Live Oak and its People

The Senior Portfolio Analyst (“SPA”) serves as an integral part of the bank’s credit risk management and is responsible for collecting and analyzing financial data, completing financial spread analysis, testing financial covenants, and completing loan reviews, advances, renewals, and amendments. Additionally, SPA provides support to more senior members of the Sponsor Finance team, preparing diligence materials and providing valuable feedback on portfolio performance.

What You’ll Do at Live Oak

• Collect and analyze financial data for a portfolio of accounts throughout the life of the relationship to prepare financial spreads and analyses, to ensure accuracy of financial statements, to monitor financial performance, liquidity, and earnings trends, and to accurately calculate credit metrics and track covenant compliance to ensure clients remain compliant with all conditions set forth in the loan documentation.

• Evaluate and assess financial performance and the associated trends and credit metrics by sensitizing financial performance and monitoring key performance indicators and risks as well as qualitative factors to adequately assess borrower risk and ensure the relationship is appropriately risk rated at all times in accordance with the bank’s risk rating policy. 

• Establish and maintain direct client relationships through regular communication, management meetings and site visits, and conduct onboarding of new clients.

• Proactively identify underperformance and root causes, and assess whether the underperformance has resulted in, or may result in a default(s) or event of default under the loan documents.

• Engage the deal team and credit team, and other internal parties as appropriate, to guide underperforming client accounts, and to determine and carry out the appropriate response to underperformance to protect the bank’s interests.

• Underwrite and manage the approval process for loan modifications, amendments, waivers, consents, renewals and advance requests, including multi-advance facilities, all in accordance with bank procedures and policy, coordinating with the client as well as legal counsel, closing, credit and operations departments. 

• Assist the deal team in negotiations and review of legal documentation with legal counsel to ensure documentation correctly reflects the approval.  

• Collaborate with Analysts on underwriting more complex modifications and amendments or facility increases. 

• Facilitate, process and closely monitor multi-advance requests and revolving credit facilities.

• Prepare diligence and presentation materials for ongoing loan reviews and present to internal stakeholders on specific loans and the related credit risk, recommending appropriate action and/or proactive strategies.

• Monitor and ensure that client files remain up to date, including the creation of files for new clients, setting up reporting and covenant dashboards, and assisting with various reporting requirements.

• Manage operational complexities and inquiries from both external and internal stakeholders and closely monitor the operations function for a portfolio of accounts at origination of a new facility, for collection of payments or at the time of an amendment, modification or advance request, alongside the operations department. 

• Lead or contribute to cross-functional and strategic bank initiatives, including system/process implementations and improvements to portfolio monitoring tools, reporting dashboards, and risk mitigation strategies

• Take ownership of responsibilities and goals, pursue them with enthusiasm, and take pride in helping clients and teammates achieve theirs.

• Mentor teammates by providing guidance on financial and credit analysis and risk assessment.

• Facilitate third-party engagements, as necessary, including valuations, appraisals, and field exams.

• Exercise sound judgment, seek guidance when appropriate and communicate effectively to set and meet realistic expectations.

• Complete additional tasks as assigned or as needed to support the deal team and/or client.

• Maintain a high standard of regulatory awareness including BSA, AML, CIP, and OFAC.

Required Experience

• Bachelor’s degree in Finance, Business Administration, Accounting, Economics or an equivalent field

• 4+ years of experience in banking, commercial lending, portfolio management, credit analysis, underwriting or related discipline 

• A high degree of understanding of foundational accounting principles and the ability to interpret and analyze financial statements (balance sheets, income statements, cash flow statements) to assess a company's financial health and ability to meet its obligations.

• Highly organized with exceptional attention to detail.

• Demonstrated experience in effectively preparing and reviewing credit submissions that identify key risks and mitigants as well as conducting financial statement analysis that outlines cash flow.

• Strong credit and risk assessment skills with a working knowledge of lending and credit policies and procedures, loan documentation and collateral structures. 

• Excellent verbal and written communication, interpersonal, and negotiation skills, with a strong customer service orientation.

• Ability to consistently make timely, sound recommendations to management and internal stakeholders, while ensuring bank policies and procedures are met and the bank’s best interest is in mind.

• Collaborative, highly coachable, dependable and exhibiting a strong work ethic.

Preferred Experience

• Commercial, middle market, enterprise value, sponsor-backed, or leveraged lending experience 

• Above-average PC skills including MS Office Applications (Word, Excel) and the ability to quickly learn new software and systems

• Advanced financial modeling skills and techniques

Our Values

• Dedication: Possess a deep commitment to Live Oak Bank’s mission and core values, exemplified through a strong work ethic, adaptability and pride in your work.

• Ownership: Take initiative to deliver positive results by proactively and creatively solving problems, while maintaining a high degree of quality.

• Respect: Treat everyone with courtesy, politeness, and kindness.

• Innovation: Embrace fresh ideas and fearlessly contribute new solutions to emerging or existing problems.

• Teamwork: Foster collaboration, accountability, and trust with others and understand that together, we do more

For a detailed overview of our employee benefits please visit: http://www.liveoakbank.com/careers/

Live Oak Bank is an Affirmative Action and Equal Opportunity Employer, Minorities/Women/Veterans/Disabled. We consider applicants for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, age, genetic information, veteran status or disability. Equal access to programs, service and employment is available to all persons. Those applicants requiring reasonable accommodation to the application and/or interview process should notify human resources at [email protected].

EEO is the Law

The base pay range for this position is $82,240.00 - $133,640.00 per year. Compensation may also include annual bonuses and long-term incentives, subject to various metrics and company policy. A candidate’s salary is determined by several factors including travel, relevant work experience or skills and expertise.

Please note that we provide at least the minimum requirement of paid sick leave to our employees who reside in states that require employer-paid sick leave, including but not limited to Arizona, California, Colorado, District of Columbia, Maine, Maryland, Massachusetts, Michigan, Nevada, New Jersey, New Mexico, New York, Oregon, Rhode Island, Vermont, and Washington.